Motorized Control Valves Market

Motorized Control Valves Market - Global Industry
Insights, Trends, Outlook, and Opportunity Analysis,
2018–2026
Motorized control valves are commonly used in small and large hydronic heating and
cooling systems. These are utilized to remotely control the flow of fluids and gases
accurately through an electric actuator. The difference in the operating mechanism of
other mechanical stopcocks and these components lie only in the actuation inputs.
Motorized control valves find significant applications in industrial sector that includes,
water and wastewater treatment, oil & gas industry, chemical manufacture, and
power generation.
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Increasing awareness regarding the implementation of automation, which
helps in increasing efficiency and reducing downtime, will create considerable
demand over the forecast period
Motorized control valves market has witnessed significant adoption rate in the oil &
gas industry, primarily owing to the utilization of smart valves that are integrated with
smart sensors and embedded processors. These advancements allow the industries
to establish efficient networking capability and enable remote monitoring of the
industry operations. Moreover, real time update, reduced human workforce
interventions, ability of these systems to provide actionable solutions for preventive
maintenance, and minimal downtimes are projected to drive the overall industry
demand throughout the forecast period.
Integration of diagnostic functions to monitor the performance and efficiency
of motorized control valves has witnessed high adoption in industries to
improve the plant production output
Utilization of these diagnostic functions helps in accessing information from plant
parameters that helps in important decision making for the improvement of plant
output efficiency. Industrial applications that include chemical and oil & gas that
require enhanced safety and monitoring to prevent losses and meet the production
demand are expected to drive the motorized control valves market growth.
Oil & Gas dominated the end-use industry segment in 2016 and is expected to
continue its dominance over the next few years
Owing to the increasing deployment of motorized control valves to measure and
monitor the oil & gas flow, oil & gas is expected to remain the most attractive
end-use industry over the next few years. According to The World Bank, over 54% of
the global population resides in urban area, which is expected to witness significant
growth over the next decade. This in turn will lead to considerable growth in demand
for portable water and wastewater treatment plants, which is estimated to bolster the
motorized control valves market growth over the forecast period. Developing
economies that project high urbanization rate, specifically China, India, Indonesia,
Brazil, Russia, and Mexico, are expected to create significant demand for motorized
control valves.
Butterfly valves dominated the overall industry share by product owing to
lightweight, high efficiency, and application of these components in chemicals,
water and wastewater treatment, and F&B industries
Asia Pacific is expected to present significant growth prospects over the forecast
period, primarily owing to high urbanization rate and significant population base in
the region. Moreover, significant increase in industrialization and manufacturing
activities in the region, specifically in China, India, and Indonesia will present strong
growth landscape over the forecast period.
Chief industry participants in the motorized control valves market include Danfoss,
Cair Euromatic Automation, Emerson Electric, and Pentair. Other prominent vendors
include Belimo, Marsh Automation, Hitachi, Honeywell, Avcon Controls, Schubert &
Salzer, BI-TORQ Valve Automation, Rotork, Flowserve, Hansen Technologies, and
A.u.K. Müller GmbH. The market is fragmented in nature with several regional
players competing international vendors in the industry segment. Industry
participants are increasingly focusing on reducing the overall operational expenses
through minimizing raw material consumption and reducing overall production time.
Utilization of simulation software to estimate the exact operational outputs and
customization requirements is a key trend identified in the market. Use of simulation
in the designing and manufacturing stages are featured to reduce the time
consumption by 30% as compared to the conventional methods.
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Motorized Control Valves Market report categorizes global market on the basis of product type, and end use industry - Global Industry Insights, Trends, Outlook, and Opportunity Analysis, 2018–2026

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